Food Packaging Market-Demand for Convenience Foods In Developing Economies

Food Packaging Market-Demand for Convenience Foods In Developing Economies

The increase in consumption of convenience foods is driving the food packaging market. Convenience features such as easy opening, portability, and single-use packaging drive food packaging innovation for processed foods. Visual appeal and convenience are the two aspects that drive the growth of the food packaging market.

The food packaging market is segmented on the basis of material, types, application, and geography. The material involved in food packaging are paper & board, rigid & flexible plastic, glass, and metal. The segmentation of the market, on the basis of application includes bakery, confectionery, dairy products, convenience foods , sauces, dressings & condiments, fruits & vegetables, meat, fish & poultry, and other products. The geographical segmentation of the market includes four regions: North America, Europe, Asia-Pacific, and Rest of the World (RoW). The key countries of these regions have also been studied.

In 2014, the rigid and flexible plastics segments, together, held the largest market share, in terms of material, and were subsequently followed by the metal, and paper & board segments. The paper & board segments are estimated to grow at the highest CAGR from 2014 to 2019.

This report includes market size, in terms of value ($million). It provides both, qualitative and quantitative analyses of the food packaging market, the competitive landscape, and the preferred development strategies of key players.

The key players invest heavily in the expansion of their business and development of new food packaging material to maintain a competitive edge in the market. The key players were observed to prefer new joint ventures, agreements, collaborations, and expansions as strategies to enhance their production facilities and acquire a larger share in the market. The report provides a complete analysis of the key companies and a chronology of developments with respect to new products and their applications. It also analyzes the market dynamics, winning imperatives, and issues faced by the leading players.